Reglstered Charlty Number: 504856 Report of the Trustees and Unaudited Finanaal Ststements For the Period Ended 31st August 2024 For Hereford and Worcester Dyslexia Association
Contents of the Hnancial Statements Forthe year ended 31st August 2024 Contents Page Charlty Informatlon Twstee's ReFort Independent Examiners Report Statement of Financial Artivitles Balance Sheet Notes to the Accounts 2to3 7t013
Report of the Trustees Charfty Informatlon Forthe year ended 3tst AUgt 2024 Reelstered Addres&. 23 Welland Close Droltwlch WOrtershIre WR9 8TX Tntee9 Mrs K Kear-wood (Presldent) Mrs Nicola Nash (Treasurer) A¢¢ountsnts and Independent Examiner Luke Keegan Chartered Management Accountant Greendawn Accountlng Llmlted IA The Homend Ledbury Herefordshire HR8 IBN Bankers Santander UK plc 2 Triton Square Regent's Place London NWI 3AN Charlty Number 504856
Report of theTrustee5 Forthe year ended 31st August 2024 The trustees are pleased to present their report together wlth the financial ststements of the charlty for the year ended 31st August 2024 .The trustees have adopted the wovisions of the Statement of Recommended Practice (SORP} 'A¢UntIng and Reporting by Chartties" {FRS102) In preparlng the annual report and financlal ststements of the tharity. The fjnancial statements have been prepared in accordance wlth the accountlng poliaes set out in the notes and comply with the tharity's govemlng document, the Charlties Art 2011 and Reporting by Charities: SLitement of Recommended Practlce Applicable to charities preparlng thelr accounts in accordan wlth the Flnancial Reportlng standards applkable In the UK and Republic of Ireland (FRS1021 {as applied to small entities by sectlon IA of the standard) (effective l January 2019). The 8oard of Trustees are satisfied with the performance of the charity durlng the perlod and the position at 31stAugust 2024 and consider that the tharlty Is In a posltlon to contlnue Its activities durin8 the coming year, and that the charlty's assets are adequate to fulfil it's obligations. Roference and Admlnlstratlon Detslls The HeTefoTd and WOrter Dyslexla Assoclatlon (also known as HWDA). 23 Welland cle, Droitwich, Worcestershlre, WR9 8TX, is re8iStered with the Charity Commission (number 5048561 The trustees of the Association are as follows: Mrs K Kear-wood Mrs Nlcola Nash SRUCTURI GOVERNANCE AND MANAGEMENT The Hereford and Worcester Dyslexla Association Is constituted as an Associatlon, and Is governed by a constitution dated 24 May 2022. The Trustees are selerted from membership at the Annual General Meeting of the Association. The day to day running otthe Association is overseen by a management Committee that indudes the trustees listed above and the membership and financial secretsry. The membership and financlal secretsry administers the members of the Assodatlon as well as asslstlng the Treasurer and the accountlng functlon. Objectlves and A¢llvlties of the Charfty The object of the Association is to advan the eductalon of persons In the Hereford and WOrter area wlth Dyslexla. The trustees confirm that in planning the activities for the year, they kept in mind the Charity Commlsslon's guldance on public beneflt at their trustse meetlngs. The Association runs speciallst teachlng sesslons ("workshops") in Worcester, Hereford and Brom$8rove for ¢hildren viith Dyslexla. Each of these workshops is overseen by a workshop SeniorTutor. In addition. it offers its members Informatlon on all aspects of Dyslexia and advice on assessment and teachin& The HWDA also runs two Parents Support Groups which offer drop4n sessions to offer support to parents and deliver presentstions on relewdnt toplcs. The HWDA Is afflllated to the British Dyslexia Association.
Report of the Trustees {cont) For the year ended 31st AuBUSt 2024 ACHIEVEMENTS AND PERFORMANCE Icont) Promotlng the stren8ths assoclated wlth belng dyslexlc: * Brlt15h Dyslexm Assoclatton nked in Mard) 2022 dyslexlcthlnklng was added as a sklll to hl8hllghtthe unlque thlnklng sklll to open doors to companles who value neurodiversty. * Made by Dyslexla (gtobal tharltyl * Share Indlvklual achievements. * Encouragefamllles to keep on sharlng thelr storles wlth us. Networklng * Attendance at the Dyslexia Showto both update skills as partof continuing professtonal development, to explore resources and network in Blrmlngham Webslte tralnlngforTrustees, Senlor Tutors and medla representatfve { 14 February 2024) * Reintroduction of facfrto-face meetlngs in addltlon to the onllne ones. RISK REVIEW A risk review has been carrled out durlng the year and further rlsk revlews wlll be completed annually. FINANaAL REVIEW The management commlttee has establlshed a pollcy whereby the unrestricted funds not commltted or Invested in tangible fixed assets ("the free reseNes"I held by the char5ty should be 3 months of the resourw expended, whlch equates to £10,572 in general fund& At thls level. the management committee feels that it would be able to contlnue the current activities of the charity in the event of a slgnlficant drop in fundin& It would obviously be neSSary to conslder how the funding would be replaced or artivfties changed. The total reserves at the 31st August 2024 were £47,792 {2023: £60,388). The balance held as unrestriced Teserves at 31st August 2024 were £33,948 (2023: £36,641), which is all regarded as free Approved by the Trustees. dated and sl8ned on their behalf by Katrlna Kear-wood. President and Nlcola Nash, Treasurer
IndeperHlent Examlners Reportto the tntstees on the accounts ofthe Clmrlty fortheyear ended 3tstAuBUSt 2024 I report to the trustees on my examination of the accounts of the above charity ("the TrusV) forthe year ended 31st AuRUSt 2024 Responslbllltles and basls of port As the charlty's trustees, you are responslble for the preparation of the a¢Unts in accordan wfth the requirements of the Charities Act 2011 ("the ACWI. I report in pect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrylng out my examlnation, I have followed all the applicable Dirertlons glven by the Charlty Commlsslon under section 145(5llb) of the Act. 8asl$ of Independent Examlnerfs report My examination was carrled out In accordance with the General Dlrections given by the Charity Commlsslon. An examination includes a review of the accounting records kept by the charlty and a comparison of the accounts presented wlth those records. It also Includes conslderatlon of any unusual items or disclosures in the accounts, and seeklng explanatlons from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requlred In an audit, and consequently no opinion is given as to vthether the accounts present a 'true and fair view, and the report is limited to those matters set out In the statements below. Independent Examlnerfs Statement I have completed my examlnation. I confirm that no material matters have come to my attention in connection vAth the examination which gives me Cause to believe that in, any material respecL the requirements: I to keep accountlng records In accordance wlth sectlon 130 of the Charftles Art: or 2 to prepare accounts whlch accord wlth the accountln8 records; or 3 to prepare accounts whlch comply wlth the appllcable requlrements concernlng the fomi and content of accounts set out in the Charities {Ac¢ounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view whith is not a mattp.r enn%ldp.rp.d As nart nf an Indp.np.n(Ip.nt p.¥amlnatlnn. have not been met, or to which. in my opinlon, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Luke Keegan ACMA Chartered Management Accountant Greenda)4vn Accountlng Llmlted IA The Homend Ledbury Herefordshlre HR8 IBN Date". 26L ) 201
For the year ended 31st August 2024 Statement of finan¢lal a¢tlvities Restrlcted Recommended categories by Unrestrirted Income End¢)wmert Total funds Total fund actlvlty funds lunds Funds 2024 2023 IncomlnB resources (Note 3) Income and endowments from: Donatlons and legades Charitsble activities Othertrading activities Investments Total 5,249 45A99 147 5,396 45,899 5,527 44,459 51.148 147 51,296 49,986 Res0W expended (Note 4) Expendlture on: Raising funds Charitsble arttvities Total 51,268 51,268 2,574 2.574 53,842 53A42 46,111 46,111 Net Incomelqexpendlture) (120) 12,426) {2y61 3,875 Transfers betweth fund$ Net movement In fdS (802) 1,744 (2,546) 375 Reconcillotion offvnds. Total funds brought forward Total funds carrled forward 36,641 3,697 1.953 20,000 201X1 60,338 57.792 56,463
Balan sheet at 31 Aueust 2024 Restrlcted Unrestrlcted Income funds fvnds Endowment Total th1$ Total last funds Flxed assets Tan8lble assets 838 838 Current assets Debtors Investments Cash at bank and In hand Totolcuffentassets 119 860 25,220 34,198 119 554 32,704 32,704 25 220 28,160 58043 61A18 3,844 20,000 20.000 Credltors: amounts fajllng due wlthln one year (1,089) {1,0891 11,080) Net current assetsl{IkNlttks) 33,109 20,000 56,954 60,338 Total net assets or Ilabllltles 33,948 20,000 57,792 60.338 Fund$ of the CharSty Unrestrlcted funds Restrtcted inc(Mne funds Endowment Funds 36,521 36,521 36,641 1,271 3,697 20,(N)0 20,000 1,271 20,000 Totsl funds 36,521 1271 20,000 57.792 60338 The flnandal statements were approved and authorised for issue by the Trustses on Slgned on behalf of the the board of trustees Presldent: Katrina Kear-wood Treasurer: Nlcola Nash The notes on pa8es 7 to 13 form part of these financial statements
Notes to the accounts For the year ended 31st August 2024 Note I Summary of Significant AccountlnB Pollcles a: Basls of accountlnB and preparatlon The charlty constltutes a publlc benefit entity as defined by FRS 102. The financial ststements have been prepared in accordan with the accountin8 pollcies set out In the notes and comply wlth the charlty's governlng document, the Charities Act 2011 and Reporting by Charities: Statement of Recommended Practice Applicable to charitles preparlngthelr accounts In accordance wlth the Flnanclal Reporting standards applicable in the UK and Republic of Ireland IFRS102) (as applied to small entities by section IA of the standard) {effective l January 20191. These accounts have been prepared on a golng concern basls under the historical cost Convention wlth items recognised at cost or tranctIon value unless otherwise ststed in the relevant note{sl to these accounts. The finanaal statrements are prepared in sterling which Is the functional currenry of the charlty and rounded to the nearest pound {£1. The slgnlficant accountlng pollcles applled In the preparatlon of these financial statements are set out below. These policies have been consistently applied to all years presented unless Otherwise ststed. b: Funds Unrestricted funds are available for use at the discretion of the trustees In furtherance of the general objectlves of the charlty and whlch have not been desi8nated for other purposes. Restrlrted funds are to be used In accordance wlth specific restrictions impo*d by donors or which have been raised by the charity for particular purposes. The aim and use of each restrlcted fund Is set out In the notes to the finanaal ststements Endownment funds provlde income for ongoing support to the charity. Restrlctlons on use of the Income from the endowmentfunds are set out In the notes to the financlal statements. . Income Income is included in the Statement of Flnancial Actlvftles {SoFA) when: * the charity is entÉtled to the resources * it is more likely than not that the trustees will re1Ve the resources and * the monetsry value can be measured wlth sufficient lIability Grants and donations are only induded in the SOFA when the general Income reco8nltion criteria are met 15.10 to 5.12 FRS102 SORP}. The charlty VAII have been notlfied of the amounts and settlement date in writin& In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or servi$ as entitlement to the grant only occurs when the performance related conditions a met (5.16 FRS 102 SORPI. Legacies are Induded In the SOFA when recelpt Is probable, that Is, when there has been grant of probate. the executors have estsblished that there are sufficient assets in the estste and any conditions attached to the le8acy are either within the control of the charity or have been meL
Notes to the accounts (cont) Note l Accountlng Pollcles qcont) c: Income (cont) Income from tradlng actlvltles includes earned income from fundralsln8 events and trading activities to raSse funds for the charity. Income is reIVed In exchange for supplying goods and services in order to raise funds and is recognised when entltlement has occurred Investment InMe is earned on cash held on deposlL Interest is accounted forwhen reived, as Is any tsx recoverable on such income. d: Expendlture All expenditure is accounted for on an accruals basls. Expendlture ts recognised where it is more likely than not that there Is a legal or construrtive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable rtaInty. Costs of ralslnR funds comprise those costs direcdv attributsble to fund ralslnR events. Indirect support costs which include Offi and admlnlstratlon are allocated on the basis of a proportion of direct costs Support costs have been allocated between governance Costs and other support. Governan costs comorise all costs involvlno oubllc accountsbllitv of the ¢haritv and its comDIlan wlth reRulation and 1coVerable VAT 15 charged as an expense agalnst the actlvlty for whlch expendlture arose. Tangible fixed assets are ststed at cost (or deemed o)st) or waluatlon less accumulated depredation and accumulated impalrment losses. Cost Includes costs dirertly attributsble to making the asset capable of operatlng as intended. Depreciation is provided on all tsible ed asse. at rates Calculated to write down the cosL les5 estimated residual value. of each asset on a svstematlc basis over its exDerted useful Ilfe as follows: Office equipment 20% straight line f: Current asset Investments Current asset Investments are short term highly liquld investments atxl are held at falr value. These Include cash on deposlt and cash equivalents with a maturity of less than one year. r. Debtors and ¢redltors re1¥able / payablewfthln one year Debtors and credltors are measured on initial reco8nition at settlement amount after any trade dlscounts or amount advanced by the charity. Subsequently. they are measured at the cash or other consideration expected to be received. h: Golng Concern ba$1$ The finandal statements have been prepared on a going basis. The trustees have considered the level of funds held by the chalty and the expected level of income and expendlture for 12 months from the authorislng of these flnanclal statements. There are no material uncertainties related to events or condltlons that cast slRnificant doubt on the chariWs abilityto continue as a RolnR concern.
Note5 to the accounts (cont) Nots2 Analysis of income and Endowments Unrestrlcted funds Incthne funds EndoWnnnt funds Totsl funds Prloryear Iyonations and le8acies: Charltable grants Donations reived- general Membership subscriptions Glft Ald Income 4,000 432 817 4.000 579 817 147 2,679 5,249 147 5,396 5,527 Charitable actlvltles: Workshop fees Other Income 45,272 628 45A99 45272 44,162 628 45A99 44.162 Inmmefrom investments: Bank Interest reiVed Total 51,148 147 51296 4989 Note 3 Expendlture 3.1 Analysls of Experrfllture Restrfcted income funds Unrestrfcted funds Endownment funds Total funds Prforyear Charftable acthiities: Grants and bursarles payable Workshop costs Support costs Governan costs 1,989 47,103 37,782 3.265 6,752 900 993 47,103 3,265 900 51,268 51,268 47,516 Note 3 Detalls of certaln Items of expendlture 3.2 Independent Examlnerfs remuneratlon Thlsyear Last year Independent examlnerfs fee5 900 960 10
Notes to the accounts (cont) Pald employees 4.1 Staff Costs Thls year Lastyear Gross wag4 salarles and beneffts In k11 So¢Sal securlty costs Pension costs (defmed contrlbutlon scheme) 41,881 34,346 Total staff costs 41,881 34346 No employees recelved p]0vee beneflts (exCllIng employer penslon costs) forthe reportlng perfod of more than £60AIOO Thlsyear 19 Last year aL2 Number of Staff 15 Note 5 Grantmaklng Totsl value of Brants Graiits to Instltutlon$ Graiits to Indlvduals Thls year total Last year Purposes for which grant made: Bursarles for vmrkshop fees 1,902 Note 6 TanBlble Flxed Assets Office Equlpment Prlor Year Cost At 1st September 2023 Additions At 31st August 2024 9,321 877 9,321 9,321 Atmulated Deprttlatlon At 1st September 2023 Charge for Year At 31st August 2024 9,321 39 9,360 9,196 126 21 Net bookvalues At 31st August 2023 At 31st August 2024 125 11
Sertlon C Notesto the a¢tounts (cont) Note 7 Debtors and Prepayments This year Last year Fees recefvable 119 354 Prepayments and aecrued Intsrest 200 Total 119 554 Note 8 Current asset lrniestments Current asset investments consist of funds held on deposit with the CTrOperative bank Note 9 Credltors and accruals Amounts falllng due withln Thls year Last year Amounts falllng due after This year Lastyear Accruals and deferred Income Other ¢reditors 9C Imo Total 1089 12
Sertlon C Notes to the a¢tt•unts Note 10 CharSty funds 10.1 Funds held Fund name Fund Type Purpose and restrlctlons Bursary Fund Restrlrted IrKome Fund IRI Provision of Bursarie5 Expendable endowment fund IEE) {see note 13) Restricted Income Fund IRI Restrlcted Income Fund IRI Restricted Income Fund IR) Restricted Income Fund {R) CadburyTralning Fund Adult Support Group Fund ITFund Website Provislon of adult support Provbsion of IT equipment New webslte 10.2 Detalls of matsrlal funds held and movemeiits during the CURRENT reportln8 perlod Fund Fund balances balances brOt carrled forward In¢ome Expenditure Transfers fonvard Fund names Bursary Fund Bursary Fund Cadbury Tralnlng Fund Adult Support Group Fund R IT Fund Webslte General Unrestrfcted 1,744 20,000 147 (2,574) EE 20,000 46 713 1,194 713 1.194 36,641 Totsl Funds 60338 51,148 51296 {51,268) (53042) {683) 35.839 10.3 Detalls of materfal fvnds held and movemats durlnB the PREVIOUS reportlng period Fund balances brought forward Income Expendlture Transfers Fund balances carried forward FUNI names Bursary Fund Bursary Fund Cadbury Trainlng Fund Adult Support Group Fund 3.645 20,000 46 {18)2) (2,574) 1,744 17,426 46 EE 713 713 1,194 Fund Website General Unrestrlcted 30,864 48,786 T¢)tsl FuNl$ 56,462 48.786 (43,IXI9) {47A85) 36,641 57,764 13
Sectlon C Notes to the accounts {cont) Note 11 Transactions wlth trustees and related parties 11.1 Trustee remuneratlon and beneffts This year none of the trustees have been paid any remuneration or reiVed any other benefits from an employment with their charlty or a related entlty IL2 Trustees, expenses This year, no trustee expenses have been incurred 113 Transartlon($) wlth related parties Thls year there have been no related party transactlons in the reporting period In the prevlous year, a donation of £1,200 was recelved from a Trustee 12 AAldttlonal Ixsclosures Included in the Bursary fund balan at 31 AUgt 2024 is an unexpended endowment of £20,CM)012023'. £20,000) received from the Rowlands Trust in May 1998. The interest from thi5 capital reIpt is to be used for the pruposes of the Bursary Fund, with the proviso that if that purpose should cease to be appllcable, then the money can be applied for the Associationsi general charftable purposes. 14